Shares of Cadeler AS (CDLR) soared 6.31% in pre-market trading on Thursday, as investors reacted positively to the company's strong nine-month financial report. The offshore wind installation and services provider demonstrated substantial growth, significantly outperforming its previous year's results.
According to the latest financial disclosure, Cadeler reported a remarkable increase in its revenue for the first nine months of the year. The company's revenue surged to €453 million, nearly tripling from €163 million in the same period last year. Additionally, Cadeler's earnings per share (EPS) showed significant improvement, rising to €0.65 from €0.08 year-over-year, representing an eightfold increase.
The robust financial performance underscores Cadeler's strong position in the growing offshore wind installation market. As governments and corporations worldwide accelerate their transition to clean energy, companies like Cadeler are well-positioned to benefit from increased investments in offshore wind projects. The company maintains its 2025 revenue guidance in the range of €588 million to €628 million, further boosting investor confidence in its growth trajectory.